American Century STOXX U.S. Quality Value ETF
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
17.9x P/Sales
ratio
1.0x
P/BV
ratio
2.1x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VALQ tracks an index of US large-cap companies with value and income characteristics.

FUND BASICS
Category US Equities
Fund Sponsor American Century
Website ipro.americancentury.com
Inception date Jan 11, 2018
Assets (mns) $131
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 229
Wgt avg mkt cap (mns) $122,255
Large cap (>$10bn) 70.3%
Mid cap ($2-10bn) 29.2%
Small cap (<$2bn) 0.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 2.5 %
ALPHABET INC. CLASS C 2.3 %
APPLE INC 2.2 %
INTEL CORP 1.9 %
INTL BUSINESS MACHINES CORP 1.8 %
HOST HOTELS & RESORTS INC 1.8 %
ABBVIE INC 1.7 %
SEAGATE TECHNOLOGY 1.5 %
KROGER CO 1.5 %
TARGET CORP 1.5 %
Total 18.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.6 %
IRELAND 2.2 %
BRITAIN 1.2 %
SWITZERLAND 0.6 %
ISRAEL 0.2 %
PUERTO RICO 0.2 %
BERMUDA 0.2 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.3% -1.0% -- -- -2.8%

Market Correlations
versus... Beta R-squared
S&P500 1.02 95%
MSCI EAFE 1.08 87%
MSCI Emg. Mkts. 0.84 75%

Technical Indicators
Recent close $37.82
30d moving avg. $34.74
Annualized volatility 19.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.2%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $109,696

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the American Century STOXX U.S. Quality Value ETF ETF based on the alternatives' overlap in portfolio holdings with VALQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VALQ Expense: 29 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VALQ
Ticker Fund
Name
Overlap1
vs VALQ
(%)
Expense
ratio
(bp)
Savings
vs VALQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs VALQ
(%)
JVAL JPMorgan U.S. Value Factor ETF 39.5 12 17 8.5 -0.1
ROUS Hartford Multifactor US Equity ETF 37.9 19 10 7.1 -1.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 36.9 25 4 6.4 -2.2
IUS Invesco Strategic US ETF 36.7 19 10 6.2 -2.5
FVAL Fidelity Value Factor ETF 36.6 29 0 8.0 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 35.6 39 -10 6.6 -2.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 35.4 25 4 6.4 -2.3
RWL Invesco S&P 500 Revenue ETF 35.0 39 -10 6.7 -2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 34.3 30 -1 6.6 -2.0
VTV Vanguard Value Index Fund 34.0 4 25 7.1 -1.5
SPYV SPDR Portfolio S&P 500 Value ETF 33.6 4 25 7.2 -1.5
IVE iShares S&P 500 Value ETF 33.6 18 11 7.0 -1.6
FLQL Franklin LibertyQ U.S. Equity ETF 33.5 15 14 6.2 -2.4
QDF FlexShares Quality Dividend Index Fund 33.4 37 -8 6.8 -1.9
VOOV Vanguard S&P 500 Value ETF 33.3 15 14 7.1 -1.6
IUSV iShares Core S&P U.S. Value ETF 33.3 4 25 7.2 -1.4
DTD WisdomTree U.S.Total Dividend Fund 32.9 28 1 6.5 -2.2
DIVB iShares U.S. Dividend & Buyback ETF 32.6 25 4 6.3 -2.3
VLU SPDR S&P 1500 Value Tilt ETF 32.6 12 17 7.1 -1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 32.4 28 1 6.3 -2.4
RAFE PIMCO RAFI ESG U.S. ETF 32.3 29 0 7.5 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 32.0 8 21 6.4 -2.3
AFLG First Trust Active Factor Large Cap ETF 32.0 55 -26 5.6 -3.1
VLUE iShares Edge MSCI USA Value Factor ETF 31.9 15 14 10.7 +2.1
SCHV Schwab U.S. Large-Cap Value ETF 31.7 4 25 6.9 -1.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 31.5 19 10 5.6 -3.0
MGV Vanguard Mega Cap Value ETF 31.4 7 22 7.0 -1.7
RNDV US Equity Dividend Select ETF 31.2 50 -21 7.4 -1.2
USDY Pacific Global US Equity Income ETF 30.5 29 0 7.5 -1.2
PBP Invesco S&P 500 BuyWrite ETF 30.2 49 -20 5.1 -3.5
JHML John Hancock Multifactor Large Cap ETF 30.2 34 -5 5.5 -3.2
QUS SPDR MSCI USA StrategicFactors ETF 30.1 15 14 5.8 -2.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 30.1 29 0 6.1 -2.6
IWD iShares Russell 1000 Value ETF 30.1 19 10 6.9 -1.8
HSPX Global X S&P 500 Covered Call ETF 29.8 65 -36 4.9 -3.7
VONV Vanguard Russell 1000 Value Index Fund 29.8 8 21 7.0 -1.7
VYM Vanguard High Dividend Yield Index ETF 29.7 6 23 7.1 -1.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.7 15 14 6.2 -2.4
RECS Columbia Research Enhanced Core ETF 29.6 15 14 5.6 -3.0
SPXN ProShares S&P 500 Ex-Financials ETF 29.5 27 2 5.1 -3.5
REVS Columbia Research Enhanced Value ETF 29.4 19 10 7.4 -1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.4 9 20 5.6 -3.1
EXT WisdomTree U.S. Total Earnings Fund 29.3 28 1 5.7 -2.9
JDIV JPMorgan U.S. Dividend ETF 29.2 12 17 7.7 -0.9
DSTL Distillate US Fundamental Stability & Value ETF 29.1 39 -10 6.4 -2.2
LRGF iShares Edge MSCI Multifactor USA ETF 29.1 20 9 6.9 -1.7
QDEF FlexShares Quality Dividend Defensive Index Fund 29.1 37 -8 6.2 -2.4
RNLC Large Cap US Equity Select ETF 29.0 60 -31 6.0 -2.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 29.0 19 10 6.1 -2.5
RSP Invesco S&P 500 Equal Weight ETF 28.9 20 9 6.6 -2.0
SPLG SPDR Portfolio Large Cap ETF 28.8 3 26 5.5 -3.2
IVV iShares Core S&P 500 ETF 28.7 4 25 5.5 -3.2
SPY SPDR S&P 500 ETF Trust 28.7 9 20 5.4 -3.2
VOO VANGUARD S&P 500 ETF 28.5 3 26 5.5 -3.2
AVUS Avantis U.S. Equity ETF 28.5 15 14 5.7 -2.9
OUSA O'Shares FTSE US Quality Dividend ETF 28.5 48 -19 5.7 -3.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.3 20 9 5.5 -3.2
JKF iShares Morningstar Large Cap Value ETF 28.2 25 4 7.5 -1.2
ESGU iShares MSCI USA ESG Optimized ETF 28.2 15 14 5.1 -3.5
PBUS Invesco PureBeta MSCI USA ETF 28.2 4 25 5.3 -3.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 28.2 17 12 6.8 -1.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 28.1 2 27 5.4 -3.2
SPXE ProShares S&P 500 Ex-Energy ETF 28.1 27 2 5.4 -3.3
MGC Vanguard Mega Cap Index Fund 28.1 7 22 5.3 -3.4
ONEY SPDR Russell 1000 Yield Focus ETF 28.0 20 9 8.0 -0.6
VV Vanguard Large-Cap Index Fund 28.0 4 25 5.3 -3.3
SCHX Schwab U.S. Large-Cap ETF 28.0 3 26 5.4 -3.3
SPTM SPDR Portfolio Total Stock Market ETF 28.0 3 26 5.6 -3.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 27.9 37 -8 6.7 -2.0
ESG FlexShares STOXX US ESG Impact Index Fund 27.9 32 -3 5.2 -3.5
SCHK Schwab 1000 Index ETF 27.7 5 24 5.3 -3.3
IWB iShares Russell 1000 ETF 27.7 15 14 5.2 -3.4
IYY iShares Dow Jones U.S. ETF 27.6 20 9 5.2 -3.4
VONE Vanguard Russell 1000 ETF 27.4 8 21 5.3 -3.3
DGRO iShares Core Dividend Growth ETF 27.4 8 21 6.4 -2.3
FDRR Fidelity Dividend ETF for Rising Rates 27.3 29 0 6.9 -1.8
WLDR Affinity World Leaders Equity ETF 27.2 47 -18 9.5 +0.8
IWL iShares Russell Top 200 ETF 27.2 15 14 5.1 -3.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 27.0 25 4 6.1 -2.6
CATH Global X S&P 500 Catholic Values Custom ETF 27.0 29 0 5.3 -3.3
SCHB Schwab U.S. Broad Market ETF 26.8 3 26 5.3 -3.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.8 3 26 5.2 -3.4
VTI Vanguard Total Stock Market Index Fund 26.8 3 26 5.2 -3.4
IWV iShares Russell 3000 ETF 26.7 20 9 5.1 -3.6
ONEO SPDR Russell 1000 Momentum Focus ETF 26.7 20 9 6.4 -2.3
VTHR Vanguard Russell 3000 Index Fund 26.6 10 19 5.2 -3.5
JQUA JPMorgan U.S. Quality Factor ETF 26.5 12 17 5.2 -3.4
QLC FlexShares US Quality Large Cap Index Fund 26.5 32 -3 5.5 -3.1
SPXT ProShares S&P 500 Ex-Technology ETF 26.5 27 2 5.6 -3.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 26.3 35 -6 5.7 -2.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 26.2 29 0 6.5 -2.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 26.2 38 -9 7.7 -1.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 25.8 35 -6 8.2 -0.5
DHS WisdomTree U.S. High Dividend Fund 25.7 38 -9 8.2 -0.4
IWX iShares Russell Top 200 Value ETF 25.7 20 9 6.9 -1.8
SNPE Xtrackers S&P 500 ESG ETF 25.7 11 18 5.2 -3.5
FTA First Trust Large Cap Value AlphaDEX Fund 25.6 60 -31 8.6 -0.1
IQSU IQ Candriam ESG US Equity ETF 25.6 9 20 5.3 -3.4
EUSA iShares MSCI USA Equal Weighted ETF 25.4 15 14 6.0 -2.7

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
American Century STOXX U.S. Quality Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.8 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.